As of yet this year silver prices appear to be range trading at around the $30.00/oz level. Gold prices have been under considerable selling pressure which in turn has tended to cap any rally that silver could muster.

Highlights from market news:

- Price of silver has fallen below 200dma which has become a resistance level for silver

- Occasional signs of a modest, fragile recovery in some parts of the world which may in turn support silver prices

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Southern Silver Exploration Corp. (TSXV:SSV) is focused on acquisition, exploration and responsible development of potential major mining ventures in Mexico and New Mexico. In Mexico, since acquisition of the Cerro Las Minitas property in 2011, 75 holes have been drilled for a total of 23,310m leading to the discovery of 2 two high-grade silver-lead-zinc deposits (the Blind Zone and the El Sol Zone) and several other promising targets, including the South Skarn and Mina Santo Nino which are open at depth and in all directions.

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The long-term outlook for Silver is positive and the worlds largest Silver producers are confident that the next few years will see a return to robust demand growth. The main growth markets for the metal are the BRIC countries, but demand from Western economies is expected to rise as well. The automotive and aerospace industries are seen as the main catalysts for new growth as manufacturers seek to reduce fuel consumption by creating lighter weight vehicles.

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